2009 December

Why are we Spending Stimulus Funds in Montana

Why are we spending stimulus funds in Montana? The Bozeman City Commission authorized spending $49,140 in federal stimulus money on Monday to install new tennis courts at Bogert Park. The new courts are likely to be ready in June, Parks and Cemetery Department Superintendent Thom White said. The commission approved a contract with Dermco-LaVine Construction .. read more

The Illusion of Progress

If all you do is read headlines, it would seem that the US is making steady progress toward solving some of the most pressing issues of the day. President Obama went to Copenhagen last week and came away with an agreement which calls for developed nations to provide $30 billion to help developing nations deal .. read more

Stimulus Allocations

Conservative blogs are making a big deal out of this study from the Mercatus Center at George Mason University which shows that Democratic districts have received more stimulus funds than Republican districts. Frankly, it seems like a dog bites man story to me. First of all, Republicans voted against the stimulus so crying crocodile tears now .. read more

S&P 500 Technical Analysis

I’ve posted some technical musings on the S&P 500 on the main website. Take a look.

On December 18th, 2009, posted in: Economy by Tags:

S&P 500 Technical Analysis

The S&P 500 has stalled at the 50% Fibonnacci retracement level as measured from the all time high: My target going back to the spring has been the 61.8% retracement level. That level also corresponds nicely with the previous support at 1200-1250 and therefore is a logical target or at least it is to me. The .. read more

On December 18th, 2009, posted in: Markets by Tags: 1 Comment

Your Freudian Slip is Showing

At President Obama’s health care reform inevitability news conference the other day he said: “it’s clear we are on the precipice of achievement that’s eluded Congresses, presidents for generations — an achievement that will touch the lives of nearly every American.” As Roger Kimball points out, precipice probably isn’t what he meant: He probably meant “threshold.” .. read more

On December 18th, 2009, posted in: Economy by Tags: ,

Santa Gets a WTO Complaint

From the WSJ RTE Blog: Dear Santa It is with regret that I am serving you with a Section 415 Cease and Desist order in the matter of delivery of gifts and/or presents on the occasion of the Night Before Christmas on behalf of Mr. and Mrs. Dean (hereafter “My Parents”). My Parents note the .. read more

On December 17th, 2009, posted in: Economy by Tags:

Treasury to Hold Citi Stake

The Treasury Department has decided to retain its full stake in Citigroup after the stock offering today was priced below the Treasury’s break even price (via WSJ): The U.S. government abruptly shelved plans to start trimming its 34% stake in Citigroup Inc., after investors demanded a price so low that the Treasury Department would have .. read more